THE ALLIES

Hawera Star, Volume XLVIII, 5 August 1924, Page 9

THE ALLIES

DECISIONS OF CONFERENCE. AN EXCELLENT SPIRIT SHOWN. THREE AGREEMENTS. SY CART,*—PRr.B3 ASSOCIATION —COPYRIGHT Received Aug. 5, 10.55 a.m. LONDON, Aug. 4. In the Commons, outlining the decisions of the Allied Conference, Mr. MacDonald said that various safeguards had been taken to secure all parties against decisions which could be regarded as partial or unjust. All the Allied Governments hoped that the effect of the agreement would be to create a new spirit of co-operation on both sides so that some points that might still have been left open owing to the impossibility of being settled in the present state of the public mind might- become negotiable by a, change of that mind. They hoped to confer with the German representatives tomorrow. It was proposed at present to execute three agreements: Firstly, between Germany and the Reparations Commission as regards matters within the latter’s competence; secondly, between the Allies and Germany concerning matters requiring direct agreements; and thirdly, between the Allies regulating matters of inter-Allied concern. Mr. MacDonald concluded by paying a tribute to the spirit of loyal co-operation of the Allied Premiers and other delegates. BERLIN, Aug. 4. The German delegation left- for London this morning.—Reuter. NATURE OF AGREEMENT. QUESTION OF SANCTIONS. R AISING OF LOAN. Received Aug. 5, 12.15 p.m. LONDON, Aug. 4. Mr. MacDonald stated that the conference had agreed to an elaborate series of stipulations with a. view to restoring the fiscal and economic unity of the German administration regarding customs, commerce and railways, to operate fully not later than October 15; also a. reciprocal amnesty for acts done by individuals in consequence of events since January 11, 1923. Disputed interpretations of the experts’ report and the conference agreement would be referred to a. committee of jurists. The Governments had agreed that in the event of taking sanctions they must act as trustees for all the interests created by the experts’ report, and especially they must not damage the security for a loan.

( Questioned regarding any action the Governments might take with reference to sanctions in the event of a declaration of default, Mr. MacDonald said that matters remained -as they were left by the Treaty of Versailles, namely, when the Governments failed to agree it would be for them to pursue their own policy. It was obviously most unsatisfactory, but the whole situation would be eased if they could get that state of unanimity necessary before a default is declared. Members might rest assured that the question of the sanctions was unlikely to arise in a hurry. The loan would not be floated under the auspices of the Government, and the bankers must consult the German representatives with regard to security before they definitely say whether they float it. Replying to Mr. Lloyd George. Mr. MacDonald emphatically adhered to the view of the late Government that France s separate action was not sanctioned by the Treaty of Versailles. He declared that the Spa • agreement with reference to the various Allies’ pioportions of ihe reparations deliveries had not-- been disturbed Reuter.